I’ve got a former partner that wants to sell me his duplex. He’s willing to “gift” me the 20% down payment and to get the loan and then owner finance that 20% over 3 years to pay him back. The problem is my lender say...
Hello! I am a new real estate agent and designer in Ann Arbor. I have family members and contacts with 10+ years experience investing in real estate. Because Ann Arbor isn’t the $100k or less housing market, I’m wonde...
I’ve dealt with one bad tenant that did some dumb things like set an iron on new carpet in a bedroom, stained several spots in the living room, broke the lease and left early, etc… ended up keeping her security deposi...
We bought a house for our daughter to live in while at college. She will have three roommates that will be paying rent. Would it be at all beneficial to list her on the lease? Or just stick to the tenants that are ...
Hello all, Has anyone found success incentivizing referrals. I don't mean bird dogs or wholesalers, but for contacts or other networks you may have. If they are not licensed real estate agents, is there a way to legal...
I have a deal lined up to buy a duplex in Wisconsin. My parents own a few rental properties that are paid off and we are interested in taking out a HELOC on one of their properties and using it to fund the down paymen...
What is the best way to transfer a property? My father owns a rental Free and Clear, He is okay with gifting it to me since i manage the rental and the deal with the entire process of keeping up the maintenance ect. E...
I had some bring this up recently about buying x% over listing, and having the seller pay you back the difference which you use for the down payment.Can the seller "fund" me any amount during close?What am I missing o...
Hi everyone,
My father recently gifted me the house I grew up in, and I found out that there is no insurance on it. I am trying to figure out what type of insurance to get given that I am currently living in it but...
I'd really appreciate feedback from those with more experience on this situation. Background: Spouse's grandfather passed away recently and left his 4 bed 2.5 bath home to his eight (8) kids equally. House has not be...